Chennai-Bangalore Industrial Corridor plan by March next

The comprehensive integrated master plan for development of Chennai-Bangalore Industrial Corridor (CBIC) will be ready by March 2015, according to Masanori Nakano, Japanese Consul-General. Addressing the silver jubilee celebrations of Indo-Japan Chamber of Commerce and Industry (IJCCI) here on Wednesday, he said “the number of Japanese companies in India has increased by four times in recent times, of which 60 per cent pertained to manufacturing sector. This trend will continue to remain. Japanese firms are also interested in developing infrastructure projects such as Delhi-Mumbai Industrial Corridor and CBIC, among others. We are interested in increasing co-operation between the two countries.”

Venu Srinivasan, IJCCI past president, said that Tamil Nadu would be the greater beneficiary of Indo-Japan co-operation. Japanese firms such as Nissan, Yamaha and Toshiba are likely to set up their units along the proposed Chennai-Bangalore corridor. Toyota also has some investment plans for Hosur. IJCCI would set up a knowledge bank on Japan to disseminate information about Japan, said its president, N. Krishnaswami.